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PASSED
Collin County Water Control and Improvement District #3 2016 Capital Infrastructure & Facility Improvement Bond Proposition
May 2016 Collin County Water Control and Improvement District #3 Uniform General & Special Election • Canvassed on 2016-05-07
Official Certified Canvass Outcome
FOR: 168 (54.9%)AGAINST: 138 (45.1%)
Total Ballots Cast on Proposition: 306
Authorized Bond Debt
$3.1M
Total 30-Yr Repayment
$4.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Collin County Water Control and Improvement District #3 to issue $3,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR COLLIN COUNTY WATER CONTROL AND IMPROVEMENT DISTRICT #3, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.